Paul S. Sarbanes: “I wanted to discuss yield spread premiums, which of course could be addressed without either the GMP or the GFE.”

I am pleased to welcome Chairman Greenspan back before our Committee to testify on the Federal Reserve's Semi-Annual Monetary Policy Report to Congress.

I have a very strong concern about the Administration's approach in trade negotiations on the capital controls issue.

I find this troubling. I guess I find any chart that all of a sudden seems to leap out in some different direction from what we have generally been experiencing a matter of concern.

I think a Secretary who adopts a unilateralist approach in the international environment may miss important opportunities to prevent conflicts and to build alliances.